If There Is a Loss on the Disposal of a Depreciable

question 8

Multiple Choice

If there is a loss on the disposal of a depreciable asset:

• A)no cash was received in the disposal transaction.
• B)the net book value of the asset was negative.
• C)in retrospect, the life over which the asset was depreciated was too short.
• D)in retrospect, the depreciation expense recognized over the asset's life was too low.